Hi Diksha, do you suggest booking profits on any of the open positions like ICICI Bank, TVS Motors or Tata Power?

I think you will get a lot more opportunities in the coming days to churn your portfolio as the sharp rise in the Nifty and Sensex should get better value. On Tuesday I suggest booking profits in ICICI Bank and TVS Motors. ICICI Bank may still have some more legs but we use the bounce as the stock has already up 12% in less than a month. TVS is another exit idea.

ICICI Bank at Rs.547 (CMP-609) – Book Profits

TVS Motors at Rs.540 (CMP-577) – Book Profits

You can hold on to Tata Power for now as we expect the defence story to play out more effectively for the stock as also the solar energy part of the story.